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In a recent interview with the Economic Times India, billionaire investor Tim Draper shared his views on the future of the crypto industry and its regulatory journey. Amongst many things, the popular investor believes a decentralized currency offers more perks for society than many fiat currencies. Draper Shares Views on Crypto and Decentralization The interview initially focused mainly on India’s startup industry. Draper revealed his thoughts on the prospects of the space amidst the current economic downturn. However, he later…

Glassnode – a blockchain data provider – and CoinMarketCap have released their July 2022 report covering on-chain data during the bear market. On the topic of staked ETH, the report noted that a majority of the supply has concentrated in the hands of four staking providers.  Highly Concentrated Staking Per the report’s data, the amount of ETH staked on Ethereum’s beacon chain through Lido alone has already swelled to 4.137 million. That’s 31.8% of all staked ETH in existence.  Another…

The Doge community has warned about scam projects claiming to have links to Dogecoin and its Dogechain.info explorer. Mired by allegations of bans and monopoly, several Doge users are raising alarms and dissociating themselves from the new Dogechain token. Alerts Across the Doge Community A project dubbed “Dogechain” emerged in crypto circles some weeks ago. Dogechain claims to supply the Doge community with offerings such as non-fungible tokens and decentralized finance. According to the creators, the project achieves this by…

Citing plans for a hitch-free launch, the Cardano team shared news of yet another delay to the long-anticipated Cardano Vasil hard fork via a Youtube video yesterday. Not the First Delay The upcoming hard fork is the most significant update to the network users have seen since September 2021’s Alonzo hard fork. Input Output Global, the Cardano network’s research and development organization has tagged the Vasil hard fork a “game changer.” Reportedly, the upgrade will take Cardano’s speed and scalability…

Leading crypto exchange Huobi Global has registered to start offering crypto exchange services in Australia. Huobi announced this bullish news via Twitter earlier today. [embed]https://twitter.com/huobiglobal/status/1552957109548904450?s=21&t=g8UYKpG1RErsZYXTQ-VYoQ[/embed] Huobi announcement comes after the Australian government said it would create a market license regime for crypto exchanges. According to Jane Hume, Australia’s Minister for Digital Economy, this regime sought to ensure Australians invest safely in crypto. At the time, Huobi Global co-founder Du Jun hinted at the exchange’s ambitions to set up shop in…

Spanish banking giant Santander is planning to start offering crypto trading services in Brazil in the coming months. Local newspaper Folha de S. Paulo reported on July 28, citing the bank’s CEO, Mario Leao. According to Leao, Santander might introduce crypto trading in its next quarterly results or earlier. Explaining why the bank has decided to offer crypto services, Leao said: We recognize that it is a market that is here to stay, and it is not necessarily a reaction…

Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails.  The vendor said that one of…

Days after halting withdrawals, Thailand-based crypto exchange platform Zipmex has now filed for a moratorium protection. The filing makes the exchange the latest in a series of failing platforms seeking court protection from their creditors. Zipmex Freezes Withdrawals, Files for Extra Time About a week ago, Zipmex shared the news that it was freezing user withdrawals “until further notice.” At the time, the platform cited unstable market conditions and financial difficulties with a few partner companies. They promised that a…

Gary Gensler – Chairman of the Securities and Exchange Commission – recently outlined the investment risks associated with crypto trading platforms. He said they resemble the structure and function of stock exchanges, and ought to be regulated in the same manner.  In a video posted Thursday, Gensler explained that crypto platforms, like stock markets, bring buyers and sellers together. Millions of customers regularly trade on such platforms without operating through a broker.  As such, he argues that crypto platforms should…